Post-Election Moves
The US election has been many things for many people, but for quite a few business leaders, it’s often been a reason to sit on their hands. Indeed, nearly one-third of financial decision-makers surveyed this year by the Federal Reserve cited the election to explain why they’ve postponed, scaled back, delayed, or canceled their firm’s plans.
But once the election is decided that reason will go away. Korn Ferry experts delve into what leaders might consider doing once things are determined. Next, we look at why almost half of workers in tech roles plan to find another job soon. Plus, if you’re one of the many people who’s in a funk at work, our experts have suggestions about how you can break out of it (doing the bare minimum won’t help).??
1) The Leadership Election ‘Excuse’
It’s why tech firms have held back on some hiring. It’s why supply-chain leaders have waited to commit to new partners. And according to a survey by the Federal Reserve, the uncertainty around the US elections is why nearly one-third of financial decision-makers have postponed, scaled back, delayed, or canceled their firm’s investing plans.
But once the ballots are counted—in a week, or maybe a little longer—that excuse may no longer apply. Indeed, experts say leaders will soon be unable to cite the presidential elections as a reason to delay decision-making. It’s about time, they add. For many leaders, experts say, the election has been a big distraction.
While stakeholders have been willing to accommodate delays thus far, their patience could wear thin. “If you just keep waiting for outcomes for other people’s decisions, you’ll never get on with your own agenda,” says?Anthony Goodman, a senior client partner and head of Korn Ferry’s Board Effectiveness practice.
2) A Tech-Worker Exodus?
For years, the tech worker would receive one to two messages each week from recruiters looking to fill roles. This season, she’s receiving one to two?per day, and she’s taking them seriously, despite having just started a new job over the summer.
At a time when much of the job market remains tight, one group of workers appears headed for a heyday of opportunities. According to a recent report, a remarkable 44% of tech employees plan to take a new job in the next 12 months. The same survey found that four in ten transitioned into tech from another career. Experts say that a possible exodus of workers could spell serious trouble for the countless firms racing to adjust to AI.
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3) 4 Ways to Avoid ‘Check the Box’ Syndrome
It’s easier than ever to apply for a job. It’s also harder than ever to land one.
You’ve worked too many hours. Or you’ve had too much work piled on you. Or you’ve worked on projects you find meaningless. Or you’ve had to commute to the office too often. Or all four. Whatever the reason, you are burned out.
You think you have an answer for this: Just do the minimum—you know, complete tasks, but nothing more. You’re not alone. With 2 in 5 workers dissatisfied with their jobs, according to?the Conference Board, just checking the box is a new norm. Many people are reverting to doing the minimum.
There’s one problem: This choice might cost you your career. Managers, who usually notice a drop in performance, could apply more pressure—which can result in even more burnout. Forty-four percent of workers report burnout, according to?data from the Society for Human Resource Management. So how can you avoid feeling squeezed? Our experts have some options.
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OK Bo?tjan Dolin?ek
Partner at Korn Ferry | Leadership Development | Inclusion, Diversity & Equity | Team Leader | Teach First Ambassador & Coach
3 周Is it similar for all elections, or only the US election? Is this a global trend? Or is there something special about the US?
Experienced Event and Marketing Manager | Expert planning and organizing high impact Corporate Events, Brand Strategy, and Sales Growth
3 周Very interesting article, I guess is causing the same effect in Mexico, we had elections recently and now it seems that we're waiting the US elections as well.
Compliance Complex Solutions | Compliance Framework | Regulatory Strategy | International Legal | Management Risk Assessment & Remediation | US and LATAM
3 周Sorry for previous version. Please see the correct one:I totally agree. In fact, I am actively looking for a job and haven't stopped doing so. The only certainty is that something will happen after the election that will be beneficial for businesses, individuals, and other sectors. The only outcome of doing nothing is realizing that you've lost precious time, will have to start with a delay, and may lose money."
Compliance Complex Solutions | Compliance Framework | Regulatory Strategy | International Legal | Management Risk Assessment & Remediation | US and LATAM
3 周Totally agree, in fact I am looking for a job and I a haven stop doing it. The only thing that is sure is that anything is going to happen after the election that have done gold time in business, Indvidual and so on. The only thing that is going to happens if you do nothing it that will realize that lost a precious time, you have to start with a delay and lose money.